The Economist

In this compact ancient dialogue, Socrates sits down with his young companion Critobulus to ask a simple but profound question: what exactly is “economy”? The conversation frames household and estate management as a craft comparable to carpentry or medicine, inviting listeners to hear philosophy applied to everyday affairs. Through clear, step‑by‑step reasoning, the two explore whether the skill belongs solely to owners or can be hired like any other trade.

The speakers soon broaden the discussion, debating what counts as a man’s “house”—from the physical dwelling to distant assets and even the troublesome notion of enemies as part of one’s holdings. Their exchange offers timeless insights into budgeting, responsibility, and the ethics of profit, all delivered in Xenophon’s accessible style. Listeners will find a blend of practical advice and classic Greek thought that remains surprisingly relevant today.